Netflix’s Financials
Earlier this week, Netflix reported first quarter results that were mostly in line with market expectations. Revenues for the quarter grew 24% to $1.27 billion, at par with the Street’s projections. EPS of $0.86 was ahead of the market’s forecast of $0.83.

International revenues grew 88% over the year and brought in 21% of the quarter’ share. Domestic revenues grew 25% over the year to contribute 63% of the revenues. DVD revenues continued to dwindle and reported a 16% decline over the year.

Netflix’s home production is also helping drive domestic subscription. During the quarter, they added 4.70 million paid subscribers. Total streaming subscriber base grew 12.04 million over the previous year to 48.36 million.

For the current quarter, Netflix projected revenues of $1.14 billion and EPS of $1.12 compared with the Street’s forecast of $1.31 billion revenues and EPS of $1.01. Netflix expects to end the current quarter with 49.81 million paying subscribers.